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$345,000
●
House -
For Sale
8330 Elm
Montgomery, TX 77316
2 Beds
1 Bath
1,176 Ft²
$1,854
Est. Monthly
$4
HOA / Fees
About This Property
Welcome to 8330 Elm, a little gem of peace and tranquility located
in the highly sought-after town of Montgomery. This waterfront
cottage charmer, owned by the same family for almost 50 years, is
located on a heavily wooded lot and has been lovingly cared for.
Recent updates include an upgraded electrical panel, 3-ton central
a/c & heat, double-pane windows throughout, granite countertops in
the kitchen & bathroom, updated shower/tub, new dishwasher &
washer/dryer connections, new ceiling fans, new paint inside & out,
and a new roof in 2023. The neighborhood features a 44-acre
semi-private lake, where only homeowners and accompanied guests are
allowed to fish. The property includes a T-Dock equipped with a
boat lift, and small aluminum bass boat, ready to hit the water.
The lake record eclipsed 13 pounds, and the current homeowner has
caught and released dozens of 8-to-10-pound bass into the lake.
Unit Size
1,176 Ft²
Days on Market
-
Land Size
0.84 acres
Price per sqft
$293
Property Type
House
Property Taxes
$155
HOA Dues
$4
Year Built
1960
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (HAR #22819548)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 30, 2026 | Listed by Keller Williams Advantage Realty | $345,000 | |
| Listed by Keller Williams Advantage Realty | |||
Property Highlights
Fireplace
With View
Parking Details
Has Carport
Has Open Parking
Parking Features: Driveway, Attached Carport
Interior Details
Full Bathrooms: 1
Appliances: Electric Oven, Electric Range, Dishwasher, Washer Included
Flooring Type: Tile
Laundry Features: Electric Dryer Hookup, Washer Hookup
Has Fireplace
Fireplace Features: Wood Burning
Fireplaces: 1
Exterior Details
Square Footage: 1176
Architectural Style: Traditional
Year Built: 1960
Waterfront Features: Lake Front, Pier
Building Area Total: 1176
Window Features: Insulated/Low-E windows
Construction Materials: Wood Siding
Patio and Porch Features: Porch
Lot Features: Back Yard, Subdivided, Waterfront, Wooded, 1/2 Up to 1 Acre
Lot Size Area: 0.8355
Lot Size Units: Acres
Lot Size Acres: 0.8355
Lot Size Square Feet: 36394.38
Lot Size Dimensions: 73 x 500
Water Source: Public
Financial Details
Tax Annual Amount: $1,865
Utilities Details
Cooling Type: Ceiling Fan(s), Electric
Heating Type: Electric
Sewer : Septic Tank
Location Details
HOA Fee: $44
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
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HOA + Taxes
About Montgomery
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Listed by: Lorrie Parker, Keller Williams Advantage Realty
Last Updated: 2 months ago
Data Source: HAR , MLS# 22819548
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Last Updated: 2 months ago
Data Source: HAR , MLS# 22819548
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